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Amazon Textract is a service that automatically extracts text and data from scanned documents. Amazon Textract goes beyond simple optical character recognition (OCR) to also identify the contents of fields in forms and information stored in tables.
Many companies today extract data from documents and forms through manual data entry that’s slow and expensive or through simple optical character recognition (OCR) software that requires manual customization or configuration. Rules and workflows for each document and form often need to be hard-coded and updated with each change to the form or when dealing with multiple forms. If the form deviates from the rules, the output is often scrambled and unusable.
Amazon Textract overcomes these challenges by using machine learning to instantly “read” virtually any type of document to accurately extract text and data without the need for any manual effort or custom code. With Textract you can quickly automate document workflows, enabling you to process millions of document pages in hours. Once the information is captured, you can take action on it within your business applications to initiate next steps for a loan application or medical claims processing. Additionally, you can create smart search indexes, build automated approval workflows, and better maintain compliance with document archival rules by flagging data that may require redaction.
Intelligent Document Analysis (IDA) enhances data processing efficiency by automating document handling tasks. It integrates advanced technologies to convert unstructured data into actionable insights swiftly and accurately.
IDA stands at the forefront of transforming traditional document management by utilizing cutting-edge AI and machine learning, automating data extraction, classification, and analysis. Providing tailored solutions to facilitate workflow optimization across industries, IDA addresses complex document processing challenges with precision. Instruments within IDA streamline data capture, facilitate seamless information flow, and enable smarter decisions while reducing operational costs and manual errors.
What are the key features of Intelligent Document Analysis (IDA)?In industries like finance and healthcare, IDA is implemented to manage vast amounts of documentation, enhance compliance, and expedite data analysis. This reduces processing times, supports regulatory requirements, and provides decision-makers with comprehensive insights drawn from extensive data sets.
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